A very lucky few, such as the Straus family who owned Macy's (bought in 1887), Lyman G. Bloomingdales who started Bloomingdales (1872) and the Altmans of B. Altman & Co (1865). (Hendrickson 66, 105 & 159). Many of the enormous department stores which Americans and the world cherish so much, started from theses poor Jewish German immigrants. These stores, such as Bendels, A&S and Gimbels helped established New York City as one of the top four fashion capitals of the world (Ellecanada). They moved to cities with a big population with many job opportunities because "The Jews were men who act...
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...ent that was owed. If the supplier was out of business than he donated to a charity in that area. This is "a phenomenon still remembered in credit circles half a century later (Harris 41). In addition to these distinguishable traits, they were also able to predict the "flow", "thoughts" and "movements" of society. In their own way, they were sages of their time, creating new fashions, starting new policies that the public raved for, and choosing spots to place their small, then turned massive, stores. L. G. Bloomingdales opened his store at 938 Third Avenue, NYC, far away from "New York's shopping district [which] was then located between Fourteenth and Twenty-third streets." His ability to assess and apprehend the psychology of the shopping nature allowed him to relocate his store to a key spot. As they say in real estate, "Location, location, location" (Friedman).
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